S T A T E O F N E W Y O R K
________________________________________________________________________
1490
2023-2024 Regular Sessions
I N S E N A T E
January 12, 2023
___________
Introduced by Sen. COMRIE -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions
AN ACT to amend the New York state urban development corporation act, in
relation to establishing a community development financial institution
disability housing program
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 1 of chapter 174 of the laws of 1968, constituting
the New York state urban development corporation act, is amended by
adding a new section 16-bb to read as follows:
§ 16-BB. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION DISABILITY HOUS-
ING PROGRAM. 1. LEGISLATIVE INTENT. THE LEGISLATURE HEREBY FINDS THAT
THE INCREASED DEVELOPMENT OF HOUSING SUITABLE FOR INDIVIDUALS WITH
MENTAL AND DEVELOPMENTAL DISABILITIES IS A PRIORITY OF THE STATE AND
THAT COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS CAN EFFECTIVELY LEVER-
AGE PUBLIC FUNDS TO FINANCE THE CONSTRUCTION OF THIS KIND OF HOUSING.
2. DEFINITIONS. AS USED IN THIS SECTION, THE FOLLOWING TERMS SHALL
HAVE THE MEANINGS INDICATED:
(A) "COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION" OR "CDFI" SHALL HAVE
THE SAME MEANING AS SUCH TERMS ARE DEFINED IN SUBDIVISION 2 OF SECTION
SIXTEEN-O OF THIS ACT.
(B) "COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND" SHALL MEAN THE
FUND AS DEFINED IN SUBDIVISION 2 OF SECTION SIXTEEN-O OF THIS ACT.
(C) "SUPPORTIVE LIVING FACILITY" SHALL HAVE THE SAME MEANING AS SUCH
TERM IS DEFINED IN SUBDIVISION 28-B OF SECTION 1.03 OF THE MENTAL
HYGIENE LAW.
(D) "SUPERVISED LIVING FACILITY" SHALL HAVE THE SAME MEANING AS SUCH
TERM IS DEFINED IN SUBDIVISION 28-A OF SECTION 1.03 OF THE MENTAL
HYGIENE LAW.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03478-01-3
S. 1490 2
3. PURPOSE. THE CORPORATION SHALL ALLOCATE FUNDS IN THE COMMUNITY
DEVELOPMENT FINANCIAL INSTITUTIONS FUND NOT TO EXCEED TWENTY-FIVE
MILLION DOLLARS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS INVOLVED
IN THE FINANCING AND DEVELOPMENT OF SUPPORTIVE AND SUPERVISED LIVING
FACILITIES IN ORDER TO DEVELOP ADDITIONAL HOUSING FOR INDIVIDUALS WITH
DEVELOPMENTAL AND MENTAL DISABILITIES IN THE STATE.
4. RULES AND REGULATIONS. THE CORPORATION, IN CONSULTATION WITH THE
OFFICE OF MENTAL HEALTH, THE OFFICE FOR PEOPLE WITH DEVELOPMENTAL DISA-
BILITIES AND THE OFFICE OF ADDICTION SERVICES AND SUPPORTS SHALL BE
AUTHORIZED TO PROMULGATE RULES AND REGULATIONS IN ACCORDANCE WITH THE
STATE ADMINISTRATIVE PROCEDURE ACT THAT ARE NECESSARY TO FULFILL THE
PURPOSES OF THIS SECTION.
5. ALLOCATIONS OF FUNDS PURSUANT TO THIS SECTION SHALL BE SUBJECT TO
ALL THE PROVISIONS OF SECTION SIXTEEN-O OF THIS ACT.
§ 2. This act shall take effect on the one hundred eightieth day after
it shall have become a law. Effective immediately, the addition, amend-
ment and/or repeal of any rule or regulation necessary for the implemen-
tation of this act on its effective date are authorized to be made and
completed on or before such effective date.